鼎胜新材(603876) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was CNY 18,167,906,522.60, representing a 46.20% increase compared to CNY 12,426,553,866.08 in 2020 [24]. - The net profit attributable to shareholders for 2021 was CNY 430,047,928.99, a significant recovery from a loss of CNY 14,994,348.11 in 2020, marking a 2,968.07% increase [24]. - The net cash flow from operating activities reached CNY 699,281,165.17 in 2021, compared to a negative cash flow of CNY 744,789,346.88 in 2020, indicating a 193.89% improvement [24]. - The total assets at the end of 2021 were CNY 16,261,178,719.52, up 22.00% from CNY 13,328,792,457.05 at the end of 2020 [24]. - The basic earnings per share for 2021 was CNY 0.94, a turnaround from a loss of CNY 0.03 per share in 2020, reflecting a 3,233.33% increase [24]. - The weighted average return on equity increased to 10.0% in 2021, up 10.39 percentage points from -0.39% in 2020 [24]. - The company reported a net profit of CNY 167,347,739.54 in Q4 2021, showing a strong performance compared to CNY 110,642,133.39 in Q3 2021 [27]. - The company's net assets attributable to shareholders increased by 29.56% to CNY 4,920,929,920.38 at the end of 2021, compared to CNY 3,798,111,058.64 at the end of 2020 [24]. - The company achieved an operating revenue of approximately RMB 18.168 billion, up 46.20% compared to the previous year [62]. - The net profit attributable to the parent company was RMB 430 million, reflecting a significant year-on-year increase of 2968.33% [61]. Market and Product Development - The company plans to continue expanding its market presence and investing in new product development to sustain growth in the coming years [24]. - In 2021, the company achieved a total aluminum sales volume of approximately 806,200 tons, an increase of 10.62% year-on-year, with sales of aluminum foil for electric vehicle batteries reaching 55,700 tons, up 131.50% year-on-year [35]. - The company is focusing on expanding its production capacity for battery aluminum foil, which is a key growth area in response to increasing market demand [47]. - The company aims to strengthen its leading position in the aluminum foil industry by focusing on R&D, refined investment, and global sales strategies [92]. - The company plans to enter the new energy and new materials sectors, enhancing its profitability and market influence [94]. - The company is positioned to benefit from supportive national policies for the aluminum processing industry and the rapid development of the new energy vehicle sector [91]. - The company is accelerating the construction and production of fundraising projects and overseas factories to meet the growing demand for battery aluminum foil in the European new energy market [100]. Governance and Compliance - The company reported a standard unqualified audit opinion from Tianjian Accounting Firm [5]. - The company has established a comprehensive internal control management system, ensuring effective financial reporting without significant deficiencies [114]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal requirements [110]. - The company has implemented a robust information disclosure system to ensure the accuracy and timeliness of information shared with investors [111]. - The company has actively engaged with investors through various channels, enhancing communication and trust in the capital market [112]. - The independent directors have consistently fulfilled their responsibilities, attending meetings and providing independent opinions [110]. - The company has not reported any significant differences in governance compared to regulatory requirements [114]. Environmental Responsibility - The company reported nitrogen oxide emissions at a concentration of 14.541 mg/m³, below the standard limit of 180 mg/m³, with a total emission of 29.67 tons [172]. - Sulfur dioxide emissions were recorded at 3.94 mg/m³, significantly below the standard limit of 80 mg/m³, with a total emission of 4.93 tons [172]. - The company has implemented effective pollution control measures, ensuring compliance with environmental standards during production, with emissions from various processes treated and discharged through stacks of heights ranging from 15 to 30 meters [186]. - The wastewater treatment system operates stably, achieving zero discharge after treatment, with the effluent meeting local standards [186]. - The company has adopted a green energy strategy, replacing coal with natural gas and installing solar panels to reduce carbon emissions [193]. - The company is focusing on the development of a circular economy, promoting the recycling of aluminum and enhancing resource utilization [196]. Shareholder Engagement and Dividends - The company plans to distribute a cash dividend of RMB 0.20 per share (before tax) to all shareholders, with no stock bonus or capital increase [6]. - The company has set a three-year shareholder dividend return plan for 2021-2023 [138]. - The proposed cash dividend for 2021 represents less than 30% of the net profit attributable to shareholders, as the company is in a critical phase of rapid development and strategic transformation, requiring significant capital for expansion and investment [159]. - The total remuneration paid to all directors, supervisors, and senior management at the end of the reporting period amounted to CNY 9.635 million [133]. Strategic Challenges and Risks - The company faces risks from aluminum price fluctuations, which can significantly impact short-term profit levels due to its pricing model based on aluminum ingot prices [101]. - Export risks include international trade protection policies that may affect competitiveness and demand for aluminum foil products in foreign markets [102]. - The company is exposed to exchange rate fluctuations, primarily due to its export transactions being settled in USD, which can lead to potential gains or losses [105]. - Changes in tax incentives for high-tech enterprises and export rebates could increase the company's tax burden, negatively impacting performance [105]. Human Resources and Training - The total number of employees at the parent company and major subsidiaries is 5,291, with 1,918 at the parent company and 3,373 at subsidiaries [150]. - The company has established a training plan aimed at improving employee skills and aligning with overall corporate development needs [153]. - The company employed 702 R&D personnel, making up 13.27% of the total workforce [76].